HIGHLY DESIRED 4 UNIT APARTMENT COMPLEX situated on a corner lot in the most desirable residential neighborhood of Wilton Manors! Property offers: One 2 bed / 1 bath, two 1 bed / 1 bath, & 1 large studio apartment. Three out of the four apartments have been COMPLETELY UPDATED throughout. Corner studio offers a fenced private patio space with wrap around entrance. Three separate driveways allow for ample parking. Accordion shutters for hurricane protection. Five separate electric meters. Owner pays for water. Only one updated unit remains vacant - perfect for an owner occupant or easily rent out. Separate shared laundry room & storage room. Superior location: 1 block to Andrews Ave, 0.6 mile to popular Wilton Dr., & a short 2 miles to Downtown Fort Lauderdale!
unit 1: 2 bed / 1 bath - rented for $2,100 (renovated)
unit 2: 1 bed / 1 bath - vacant & available for $1,700 (renovated)
unit 3: 1 bed / 1 bath - rented for $1,400 (needs renovating) month-to-month.
unit 4: studio with private outdoor space - rented for $1,700 (renovated)
Windows are not updated. However, all have accordion shutters for hurricane protection.
5 separate electric meters
1 water meter.
3 separate driveways with parking for 6 cars.
8,000 sq ft corner lot (beautiful neighborhood).
2,500 Sq Ft living space.
Owner pays for water (about $4,500 a year)
Owner pays for electric for washer and dryer (about $500 a year)
5.9% CAP Rate!